3 Best Forex Brokers in Portugal for 2026
Portuguese traders looking for brokers will have a certain list of concerns that should be addressed. While they can use a long list of brokers, there are a few things that I looked for that can make them better for those from Portugal. We at FXEmpire have compiled a large database of brokers around the world and rated them based on a proprietary 250-point system.
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I first looked for Portuguese-language websites and customer support. Also, I looked for those brokers that offer EUR as a base currency, helping ease deposits and withdrawals. Another point of contention was whether or not they have convenient payment methods for Portuguese clients. The regulation matters as well, and I looked for those that were regulated by top-tier regulators, in the EU and beyond. I also tested live conditions to make sure that the fees and spreads were reasonable as well.
List of Top Forex Brokers in Portugal
*AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
AvaTrade | 4.5 | 4.2 | $100 | 1:400 (FSCA) 1:30 (CBI) · 1:200 (BVI FSC) · 1:30 (ASIC) · 1:400 (ADGM) · 1:25 (JFSA) · 1:30 (ISA) · 1:30 (CySEC) | AvaOptions, AvaSocial, MT5, Proprietary, MT4, DupliTrade, Ava Web Trader, AvaTrade App | - |
IronFX | 4.4 | 4.0 | $50 | 1:30 (FCA) 1:500 (FSCA) · 1:2000 (BVI FSC) | MT4 | - |
XTB | 4.5 | 4.3 | $0 | 1:30 (FCA) 1:30 (BaFin) · 1:30 (KNF) · 1:30 (CySEC) · 1:30 (CNMV) · 1:500 (IFSC) · 1:30 (CNB) · 1:500 (CMF Chile) | xStation 5 | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
How Did I Select the Best Brokers in Portugal?
- I made sure that all brokers here accept Portuguese traders and provide them with local services.
- I looked for brokers authorized by top-tier EU regulators and compliant with ESMA and MiFID II.
- Brokers that allow EUR as the base currency are given preferential treatment.
- I looked for brokers that offer CFDs on EU shares.
- Brokers with generally low trading fees were considered.
- I gave preference to brokers offering Portuguese websites and customer support.
Best Overall
- $100Min Deposit
- 1472Tradable Instruments
- MediumFees
Why We Picked It
AvaTrade has been a major player in the CFD markets since it opened in 2006. The Ireland-based broker offers a large number of assets for trading, including stocks, forex, ETFs, options, indices, commodities, cryptocurrencies, and bonds. AvaTrade is heavily regulated by several of the biggest regulators, including CySEC, ASIC, and FSA Japan.
Regional Features:
- Entity for Traders in Portugal: AVA Trade EU Ltd, regulated by CBI Ireland
- Leverage: 1:30
- EUR-denominated instruments: 40+
- EUR as a base currency
- EUR/USD spread: 0.9
- Platforms: MT4, MT5, Ava Web Trader, AvaTrade App
- Portuguese version of the website
AvaTrade allows trading of multiple asset classes like stocks, forex, indices, commodities, ETFs, crypto, bonds, and even access to vanilla options. There are several platforms available, including MetaTrader 4, MetaTrader 5, Ava Web Trader, Ava Trade Mobile, AvaSocial, and AvaOptions. There are over 1,250 assets for trading, and access to Trading Central is available as well.
There is also a Professional Account that allows increased leverage and spread betting, if it is available in your jurisdiction. There is also an Options Account, which is tailored for trading Forex options. The spreads were good, with the EUR/USD pair offering a spread of 0.9 pips, and oil was $0.03 during my evaluation. Dow Jones 30 spreads are between 5 and 6, with Tesla being 1.98 cents during the NY session trading.
Pros and Cons
- Wide range of assets available
- More than 1,250 assets for trading
- Good selection of platforms
- Research and educational information
- Fees for stocks and indices are a bit higher than the benchmarks
Best MT4
- $50Min Deposit
- 311Tradable Instruments
- MediumFees
Why We Picked It
IronFX has been in business since 2010 and offers multiple asset classes for trading, including forex, commodities, indices, stocks, and futures. IronFX is regulated by several top-tier regulators around the world, such as CySEC, FCA, and FSCA.
Regional Features:
- Entity for Traders in Portugal: Notesco Financial Services Limited, regulated by the Cyprus Securities and Exchange Commission (CySEC).
- Leverage: 1:30
- EUR-denominated instruments: 55
- EUR as a base currency
- EUR/USD spread: 1.0 pips
- Platforms: MT4
IronFX offers its own proprietary web-based platform, but where it shines is its MetaTrader 4 platform. The ability to trade using the MetaTrader 4 platform means more automation, Expert Advisors, and custom indicators. The ability to copy trade is also offered by the broker through the MT4 terminal. There is also Virtual Private Server hosting offered, allowing algorithmic traders a home as well.
IronFX offers over 500 instruments for trading, which also includes stocks in the European Union. There are several commodity markets that allow trading in EUR, which can simplify the process for those based in Portugal. There are spread and commission-based accounts, and they are available in multiple currencies, including the EUR.
IronFX generally has lower than industry norms for spreads. The EUR/USD pair fluctuated in my tests between 0.9 and 1.0 pips, while the WTI oil spread stood at $0.04. There are no fees involved with deposits, withdrawals, or inactivity.
Pros and Cons
- Varied instruments available
- Strong research and education
- VPS hosting
- MT4 tools
- Phone support only for active clients
Best for Beginners
- $0Min Deposit
- 2534Tradable Instruments
- LowFees
Why We Picked It
XTB has been around since 2002, and offers trading in forex, commodities, indices, stocks, and even ETFs. XTB is heavily regulated around the world by several top-tier authorities, including FCA, CySEC, CNMV, KNF, and IFSC Belize. XTB is listed on the Warsaw Stock Exchange, making it a publicly traded company and subject to regulated accounting practices.
Regional Features:
- Entity for Traders in Portugal: XTB S.A., Branch in Portugal, regulated by CMVM and KNF
- Leverage: 1:30
- EUR-denominated instruments: 500+
- EUR/USD spread: 0.9 pips
- EUR as a base currency
- Platforms: xStation 5
- Portuguese version of the website
XTB’s proprietary platform, xStation 5, is very easy to operate and well-suited to beginners. The amount of tradable instruments allows trading of global assets and gives an easy way to diversify investments and trades. The broker also has a large amount of educational materials, including expert insights in written form, as well as videos.
The fees at XTB are tight, with the EUR/USD spreads being between 0.8 and 0.9 pips, and the GBP/JPY pair average 1.6 pips. There are no fees for deposits or withdrawals. The broker doesn’t even charge inactivity fees until after a year of no trades being placed.
Pros and Cons
- Beginner-friendly proprietary platform
- Strong educational materials
- Good spreads
- Dedicated account manager
- Withdrawals only via bank transfer
All the Brokers We Tested
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About the Authors
Christopher Lewis is an experienced trader and technical analyst specializing on currencies, indices, and commodities. He also has been working as a proprietary trader for institutional accounts. Chris has been an FXEmpire analyst since the site's early days and shares his trading insights on his own blog, The Trader Guy. His sharp, practical understanding of the trading industry means he knows forex and CFD brokers inside-out, so you can trust his guidance on how they work and which one to choose.
Amy leads the prop trading area at FXEmpire, collaborating closely with industry experts to deliver insightful and trustworthy reviews. Her work ensures that readers gain transparent, reliable guidance in navigating the fast-evolving world of proprietary trading firms.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.